Healthpeak Properties — Presentation / slide deck (8-K exhibit)

Slide 1 — 40;C7?40:%A>?4AC84B'08B4B 0A=8=6BD830=24>;;>F8=6

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

Open the original at slide 1 ↗

Slide 2 — ,?<51B>=?B512?ED!51<D8@51;C3?==9D=5>DD?B5C@?>C92<52EC9>5CC1>4F95G?EB?B@?B1D5"=@13D*5@?BD

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

Open the original at slide 2 ↗

Slide 3 — +#

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

Open the original at slide 3 ↗

Slide 4 — 1>41F1<E1D9?>?61@@B?H9=1D5<I@5BCAE1B56??D,85DB1>C13D9?>B56<53DC3?>D9>E545H53ED9?>?>

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

Open the original at slide 4 ↗

Slide 5 — $#'#!!#$'")$#

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

Open the original at slide 5 ↗

Slide 6 — C?391<1>47?F5B>1>351>4CECD19>129<9DI3?==9D=5>DC1>4381>79>7B5AE9B5=5>DC 1CG5<<1CCD1;58?<45B

C?391<1>47?F5B>1>351>4CECD19>129<9DI3?==9D=5>DC1>4381>79>7B5AE9B5=5>DC 1CG5<<1CCD1;58?<45B 5H@53D1D9?>C5@945=93C @1>45=93C ?B?D85B9>653D9?EC49C51C5C 1>4851<D81>4C165DI=51CEB5C9>D5>454D? B54E35D859BC@B514?EB@1CD@1BD939@1D9?>9>D85?B?>1F9BEC94 *5<956 1>43?>?=93+53EB9DI3D)B?F945B*5<956 E>41>4?D85B?F94B5<1D54CD9=E<EC1>4B5<956@B?7B1=C<1GC?BB57E<1D9?>C@B?8929D9>75F93D9?>?6?EBD5>1>DC 8E=1>31@9D1<B9C;C 9>3<E49>7D85<?CC?B<9=9D541F19<129<9DI?6?EB;5I@5BC?>>5<?EBB5<91>35?>9>6?B=1D9?> D538>?<?7I1>41>I=1D5B91<619<EB5 9>145AE13I 9>D5BBE@D9?> ?BC53EB9DI619<EB5?6D81DD538>?<?7ID85EC5?6 ?B 9>129<9DID?EC5 1BD969391<9>D5<<975>352IEC ?EBD5>1>DC ?EBF5>4?BC 1>4?EB9>F5CD?BCF?<1D9<9DI 49CBE@D9?> ?B E>35BD19>DI9>D8569>1>391<=1B;5DC9>3B51C549>D5B5CDB1D5C1>42?BB?G9>73?CDC G89383?E<49=@13D?EB129<9DID? B569>1>355H9CD9>7452D C5<<@B?@5BD95C 1>43?>4E3D9>F5CD=5>D13D9F9D95C31C81F19<12<56?B49CDB92ED9?>D? CD?3;8?<45BC1>4?EB129<9DID?=1;549F945>449CDB92ED9?>C1D5H@53D54<5F5<CD851F19<129<9DI?65HD5B>1<31@9D1<?> 1335@D12<5D5B=C?B1D1<<1>9>3B51C59>?EB<5F5<?69>452D54>5CC3?F5>1>DC9>?EB452D9>CDBE=5>DC G8938=1I <9=9D?EB?@5B1D9?>1<6<5H929<9DI 1>42B51385C?6D85C53?F5>1>DCF?<1D9<9DI9>D85=1B;5D@B9351>4DB149>7F?<E=5?6 ?EB3?==?>CD?3;14F5BC5381>75C9>?EB3B549DB1D9>7CD85@5>49>79>9D91<@E2<93?665B9>7?6#1>EC%9F9>7=1I>?D 253?=@<5D54?>D853EBB5>D<I3?>D5=@<1D54D9=5<9>5?BD5B=C ?B1D1<< 1>4=1I>?D13895F5D859>D5>45425>569DC ?EB53?>?=935H@?CEB5D?C896DC9>D85@B935?6#1>EC%9F9>73?==?>CD?3;1>4?EB129<9DID?3?>DB?<D851CC5DC1>4 13D9F9D95C?6#1>EC%9F9>7@?D5>D91<3?>6<93DC?69>D5B5CD9>?EBB5<1D9?>C89@G9D8#1>EC%9F9>7?EB129<9DID?=19>D19> ?EBAE1<96931D9?>1C1B51<5CD1D59>F5CD=5>DDBECDN*",O?EBD1H12<5*",CE2C9491B95C259>7CE2:53DD?3?B@?B1D5 <5F5<D1HD1H9=@?C54?>1>I>5D9>3?=56B?=N@B?8929D54DB1>C13D9?>CO381>75CD?-+6545B1<9>3?=5D1H<1GC 1>4@?D5>D91<4565BB541>43?>D9>75>DD1H<9129<9D95C6B?=3?B@?B1D513AE9C9D9?>C31<3E<1D9>7>?>*",D1H51B>9>7C 1>4@B?69DC49CDB92ED9?>CD1H@B?D53D9?>17B55=5>DCD81D=1I<9=9D?EB129<9DID?49C@?C5?635BD19>@B?@5BD95C1>4=1I B5AE9B5ECD?=19>D19>35BD19>452D<5F5<C?G>5BC89@<9=9DC9>?EB381BD5BD81DB5CDB93D?G>5BC89@9>?EBCD?3; 1>4 @B?F9C9?>C?6&1BI<1>4<1G1>4?EB381BD5BD81D3?E<4@B5F5>D1DB1>C13D9?>D81D=1I?D85BG9C5259>D859>D5B5CD?6 ?EBCD?3;8?<45BC3?>6<93DC?69>D5B5CD25DG55>D859>D5B5CDC?6?EBCD?3;8?<45BC1>4D859>D5B5CDC?68?<45BC?6 !51<D8@51;() %%N!51<D8@51;()O3?==?>E>9DC@B?F9C9?>C9>D85?@5B1D9>717B55=5>D?6!51<D8@51;()1>4 ?D85B17B55=5>DCD81D=1I45<1I?B@B5F5>DE>C?<939D5413AE9C9D9?>C1>4?D85BDB1>C13D9?>C?EBCD1DEC1C18?<49>7 3?=@1>I?6!51<D8@51;()1>4?D85BB9C;C1>4E>35BD19>D95C45C3B92546B?=D9=5D?D9=59>?EB+53EB9D95C1>4 H381>75?==9CC9?>69<9>7C &?B5?F5B ?D85BB9C;C1>4E>35BD19>D95C?6G8938G51B5>?D3EBB5>D<I1G1B5=1I1<C?16653D?EB6?BG1B4<??;9>7 CD1D5=5>DC 1>4=1I31EC513DE1<B5CE<DC1>4D85D9=9>7?65F5>DCD?49665B=1D5B91<<I6B?=D8?C51>D939@1D54,85 6?BG1B4<??;9>7CD1D5=5>DC=1459>D89C3?==E>931D9?>1B5=145?><I1C?6D8541D585B5?6?B1C?6D8541D5C 9>4931D549>D856?BG1B4<??;9>7CD1D5=5>DC 5F5>96D85I1B5CE2C5AE5>D<I=1451F19<12<52IEC?>?EBG52C9D5?B ?D85BG9C5/54?>?DE>45BD1;51>I?2<971D9?>D?E@41D5?BCE@@<5=5>D1>I6?BG1B4<??;9>7CD1D5=5>DCD?B56<53D 13DE1<B5CE<DC >5G9>6?B=1D9?> 6EDEB55F5>DC 381>75C9>9DC5H@53D1D9?>C?B?D85B39B3E=CD1>35CD81D5H9CD16D5BD85 41D51C?6G8938D856?BG1B4<??;9>7CD1D5=5>DCG5B5=145 $#)) >4B5G#?8>C +5>9?B.935)B5C945>DK9>1>351>4">F5CD?B*5<1D9?>C )175

Open the original at slide 6 ↗

Slide 7 — 40;C7?40:%A>?4AC84B=2

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

Open the original at slide 7 ↗

Slide 8 — 40;C7?40:%A>?4AC84B=2

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

Open the original at slide 8 ↗

Slide 9 — 40;C7?40:%A>?4AC84B=2

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

Open the original at slide 9 ↗

Healthpeak Properties — Presentation / slide deck (8-K exhibit)

Slide 1 — 40;C7?40:%A>?4AC84B'08B4B 0A=8=6BD830=24>;;>F8=6

Slide 2 — ,?<51B>=?B512?ED!51<D8@51;C3?==9D=5>DD?B5C@?>C92<52EC9>5CC1>4F95G?EB?B@?B1D5"=@13D*5@?BD

Slide 3 — +#

Slide 4 — 1>41F1<E1D9?>?61@@B?H9=1D5<I@5BCAE1B56??D ,85DB1>C13D9?>B56<53DC3?>D9>E545H53ED9?>?>

Slide 5 — $#'#!!#$'")$#